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Giants as rivals? A poor economy? Neither has Under Armour founder Kevin Plank sweating. Maybe it?s his performance wicking shirt or perhaps it?s UA’s 55% uptick in share price that landed Plank in Forbes billionaires club. At only 38, the purveyor and protector of the Shield has topped ten digits, coming in at a net worth of $1.05 billion. Endorsements from the likes of Tom Brady, Ray Lewis, and Brandon Jennings have added further testament to the brand?s performance, while school sponsoring?s ranging from Auburn to Maryland have increased awareness. A steady hold in apparel and a growing presence in footwear has Under Armour poised as a force for years to come.
Source: Baltimore Business Journal
